Naples Flex Space Investment
For Sale
$9,606,022
3933 Tollhouse Dr, Naples, FL 34114
Fully leased flex space near I-75, ideal for 1031 exchange.
Property Size33,262 SF
Price / SF$288.80
Days on Market199
Property Features for 3933 Tollhouse Dr
General Information
Standard status
Active
Size
33,262 SF
Property subtype
Commercial
Building Details
Year Built
2022
Listing Agency:
Bartley Realty LLLP
Listed By:
David Bartley, Sr · License #3249994
(239) 784-3283
Source:
Naplespropertyguide
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 9 at 7:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bartley Realty LLLP
Investment Insights
Based on property information with market context.
This 33,242 square foot flex space property in Naples, Florida, presents a fully leased investment opportunity suitable for a 1031 tax exchange. The property is strategically located near I-75 and Collier Boulevard, providing excellent access for tenants and businesses. The building is fully leased to a reputable defense contractor with approximately four years remaining on their lease, ensuring immediate cash flow. The flexible layout is divisible into 22 individual units, each approximately 1,500 square feet, offering future expansion potential and adaptability to market changes. Each unit is equipped with modern amenities, including individual AC units and bathroom rough-ins, supported by 22 electrical panels. This solid foundation supports various commercial uses. The property is located in Naples, which has a thriving economy and growing population, making this property a smart investment with excellent potential for appreciation. This property is ideal for deferring capital gains taxes and building long-term wealth.
Key Highlights
- Fully leased to a strong defense contractor, providing immediate and stable income for approximately four years.
- Ideal for a 1031 exchange, allowing for deferral of capital gains taxes and long‑term wealth building.
- Located in Naples, Florida, a high‑growth market with excellent potential for property appreciation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$270,392
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,407,840
$5.4M
Cap Rate 7%
$3,862,743
$3.9M
Cap Rate 9%
$3,004,356
$3.0M
Market Conditions
NOI Build-Up for 33,262 SF
Gross rent
$431.1K $12.96/SF
− Vacancy
−$15.1K −$0.45/SF
EGI
$416.0K $12.51/SF
− OpEx
−$145.6K −$4.38/SF
NOI
$270.4K $8.13/SF
Area
Collier County, FL
Vacancy
3.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,407,840
Cap Rate 7%
$3,862,743
Cap Rate 9%
$3,004,356
Alternative Uses
Best Use
Flex RnD
$3.86M
$3.38M – $4.51M
NOI $270,392 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$3.20M
$2.80M – $3.73M
NOI $223,786 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$13.35M
$11.68M – $15.57M
NOI $934,470 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 34114, FL
21,343
Population
16,381
Households
1.3
Avg Household Size
62
Median Age
41%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
121
Density / Sq Mi
$81,314
Median Household Income
$38,467
Median Earnings
$1,993
Median Rent
$469,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Fully leased flex space near I-75, ideal for 1031 exchange.
Where is this 1031 exchange property located?
The property is located at 3933 Tollhouse Dr Naples, FL.
What is the asking price?
The asking price for this property is $9,606,022.
What are key features of this property?
This property features: Fully leased to a strong defense contractor, providing immediate and stable income for approximately four years.; Ideal for a 1031 exchange, allowing for deferral of capital gains taxes and long‑term wealth building.; Located in Naples, Florida, a high‑growth market with excellent potential for property appreciation.
